cash payment

183 views 4 replies
In one day, how much a cash bill can be given to one person??
Replies (4)
upto 5000.
cash payment against expenses per day is Rs. 10,000/-.
In a memo issued by the expenditure department on Monday, with the approval of the Finance Minister, ministries have been asked to use e-payment facilities to pay all suppliers where the dues are more than Rs 5,000 โ€˜in order to attain the goal of complete digitization of government payments.โ€™

โ€œAll ministries and departments of the government shall ensure with immediate effect that all payments above Rs 5,000 to suppliers, contractors, grantee/loan institutions, etc are made by issue of payment advices only,โ€ the finance ministry has said.

please note The Union Finance Ministry on Monday asked all government departments to make payments above Rs 5,000 via e-payment facilities. “Any payment above Rs 5,000 to suppliers, contractors, grantee/loanee institutions etc by government departments to be made now through e-Payment,” said the ministry, adding that the order must be implemented with immediate effect.

He asked only the Govt. Department to make payment by other than cash.

its not applicable to others, I am suggesting Deepak based on the Sec. 40A of Income Tax act.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register